Automotive 3D Light Detection and Ranging (LiDAR) Market Market Overview
Automotive 3D Light Detection and Ranging (LiDAR) Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 6.4 Billion by 2030, growing at a CAGR of 25.5% from 2024 to 2030.
Market Size and Opportunity Analysis for Global Automotive 3D Light Detection and Ranging (LiDAR) Market
The global automotive 3D Light Detection and Ranging (LiDAR) market is projected to experience substantial growth over the coming years. As of 2024, the market value is estimated to be around $4.2 billion, driven by increasing demand for advanced driver assistance systems (ADAS) and autonomous driving technologies. This growth is fueled by significant investments in research and development, as well as rising adoption of LiDAR sensors in various vehicle models to enhance safety and navigation. The ultimate opportunity for growth in this market lies in the continued technological advancements and the integration of LiDAR systems with other sensors and machine learning algorithms. The increasing focus on achieving higher accuracy and reliability in vehicle automation is expected to further propel market expansion. With the automotive industry’s push towards safer and smarter vehicles, the market for automotive 3D LiDAR is poised to see substantial increases in both value and application scope in the near future.
Get an In-Depth Research Analysis of the Global Automotive 3D Light Detection and Ranging (LiDAR) Market Size And Forecast [2024-2031]
Who are the largest Global manufacturers in the Automotive 3D Light Detection and Ranging (LiDAR) Market?
By Technology Type
- Solid-State LiDAR
- FMCW (Frequency-Modulated Continuous Wave) LiDAR
- Pulsed LiDAR
- Hybrid LiDAR
By Component Type
- Laser Source
- Scanner
- GPS Receiver
- Inertial Measurement Unit (IMU)
- Electronic Control Unit (ECU)
By Application
- Autonomous Vehicles
- Driver Assistance Systems (ADAS)
- Fleet Management
- Mapping and Surveying
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
- Electric Vehicles (EVs)
- Heavy-duty Trucks
By Range
- Short Range (up to 100 meters)
- Medium Range (100 to 250 meters)
- Long Range (more than 250 meters)
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Segmentation of Automotive 3D Light Detection and Ranging (LiDAR) Market-
Which regions are leading the Global Automotive 3D Light Detection and Ranging (LiDAR) Market?
- Global (United States, Global and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia, etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Detailed TOC of Global Automotive 3D Light Detection and Ranging (LiDAR) Market Research Report, 2024-2031
1. Introduction of the Global Automotive 3D Light Detection and Ranging (LiDAR) Market
- Overview of the Market
- Scope of Report
- Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Research
- Data Mining
- Validation
- Primary Interviews
- List of Data Sources
4. Global Automotive 3D Light Detection and Ranging (LiDAR) Market Outlook
- Overview
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porters Five Force Model
- Value Chain Analysis
5. Global Automotive 3D Light Detection and Ranging (LiDAR) Market, By Type
6. Global Automotive 3D Light Detection and Ranging (LiDAR) Market, By Application
7. Global Automotive 3D Light Detection and Ranging (LiDAR) Market, By Geography
- Global
- Europe
- Asia Pacific
- Rest of the World
8. Global Automotive 3D Light Detection and Ranging (LiDAR) Market Competitive Landscape
- Overview
- Company Market Ranking
- Key Development Strategies
9. Company Profiles
10. Appendix
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